First on EWN: Joburg Ballet CEO accused of illegally taking R900k from company
Dirk Badenhorst is accused of transferring almost R1 million of the company's money into his own account.
JOHANNESBURG - Eyewitness News has learnt that suspended Joburg Ballet CEO Dirk Badenhorst has been accused of unlawfully transferring almost R1 million of the company's money into his private bank account.
The accusation, first made late last year in a civil law suit, does not relate to his recent suspension which concerns corporate governance and financial management.
Badenhorst has declined to comment on the civil claim but has stated in an affidavit before court that he considers the transfer to have been perfectly above board.
Joburg Ballet says because of a technicality around the non-profit organisations involved, the legal action it launched nine months ago, will now make way for a fresh claim.
But the company is still determined to force Badenhorst to pay back R900,000, which it believes he had no right to touch.
It's also accused him of failing to inform the board that the money, which Joburg Ballet claims to be the owner of, had been moved.
At the heart of the dispute between Joburg Ballet and its suspended CEO are three electronic transfers totalling R900,000.
The company claims Badenhorst moved this money unlawfully and failed to inform the board.
In its court papers, it argues that either he made a profit from a non-profit organisation or he caused the ballet company financial damage.
While the claim launched in November will now fall away due to a technicality, Joburg Ballet says a fresh one will be launched soon.
But Badenhorst has filed an affidavit denying he did anything wrong, arguing that the transfer of funds was legal.
On his suspension, he says he is yet to be served with a formal charge sheet and to comment further could harm the company and its reputation.